Welcome to our dedicated page for Victory news (Ticker: VTYB), a resource for investors and traders seeking the latest updates and insights on Victory stock.
Victory Bancorp, Inc. reports news as the OTCQX-traded holding company for The Victory Bank, a Pennsylvania state-chartered commercial bank serving local consumer, professional, and small to mid-sized business customers. Its updates commonly cover community banking activity, including checking and savings deposits, home equity lines of credit, personal loans, and business lending in Montgomery and Berks County markets.
Recurring announcements include quarterly operating and financial results, dividend declarations, loan and deposit trends, net interest income, credit quality, branch-market activity, shareholder voting matters, and capital-structure disclosures. The company’s news also reflects governance and shareholder-return decisions by the bank holding company’s board.
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Victory Bancorp, Inc. (OTCQX: VTYB) reported a net income of $602,000, or $0.29 per share (diluted), for Q4 2022, with a full-year net income of $3.7 million, or $1.80 per share. The book value per common share rose to $13.29. Interest income increased by $2.7 million (16%) year-over-year, totaling $19.6 million, despite a drop in PPP fee income. Total net loans, excluding PPP, grew by 17.2% to $327.4 million. Additionally, the bank declared a $0.10 special cash dividend and a $0.065 cash dividend to shareholders. However, there was a decline in overall net income from 2021 and a rebalancing loss in investments of $586,000.
Victory Bancorp, Inc. (OTCQX: VTYB) declared a quarterly cash dividend of $0.0650 per share on January 18, 2023. This payment will be made on or about February 15, 2023, to stockholders of record by the close of business on January 31, 2023. The company operates The Victory Bank, which serves small and mid-sized businesses in Pennsylvania, boasting three locations in Montgomery and Berks Counties. Established in 2008, it specializes in high-quality banking services.
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Victory Bancorp, Inc. (OTCQX: VTYB) announced a one-time special cash dividend of $0.10 per share, to be paid on or about December 23, 2022, for stockholders of record by December 10, 2022. Chairman and CEO Joseph Major highlighted the bank's strong financial position and confidence in future growth opportunities for 2023. The bank serves small to mid-sized businesses and professionals in Pennsylvania through its locations in Montgomery and Berks Counties.
The Victory Bancorp (OTCQX: VTYB) reported unaudited financial results for the quarter ended September 30, 2022. The company achieved a net income of $1.2 million, or approximately $0.56 per diluted share. Interest income increased by $825,000 year-over-year, boosting the net interest margin to 4.06%. Total assets reached $437 million, with deposits steady at $394 million and net loans up to $312 million. The company also announced a $0.065 per share cash dividend.
Victory Bancorp, Inc. (OTCQX:VTYB) has declared a quarterly cash dividend of $0.0650 per share, set to be paid on or about September 12, 2022. The record date for shareholders is August 26, 2022. The company operates The Victory Bank, a Pennsylvania state-chartered commercial bank, serving small and mid-sized businesses.